Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
Dairy prices increased at the GlobalDairyTrade auction overnight, rising for the third time in a row.
Dairy prices increased at the GlobalDairyTrade auction overnight, rising for the third time in a row.
The GDT price index advanced 3.1% cent from the previous auction two weeks ago.
The flagship whole milk powder rose 3.5% to US$2998/tonne.
Skim milk powder, which has been lagging way behind WMP, also got a boost; prices rose 7.1% to US$2044/ tonne.
Key results
AMF index down 0.5%, average price US$5,930/MT
Butter index up 2.9%, average price US$4,892/MT
BMP index not available, average price US$1,720/MT
Ched index up 6.0%, average price US$3,462/MT
LAC index up 1.2%, average price US$935/MT
RenCas index down 3.8%, average price US$6,020/MT
SMP index up 7.1%, average price US$2,044/MT
WMP index up 3.5%, average price US$2,998/MT
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